Tatweer launches Mizin with AED 5bn investment over next two years

Mizin, which will be led by Sami Al Hashmi as CEO, will launch pioneering projects worth AED 5 billion within the next 17 months.

In addition, the company will be responsible for the infrastructure development of Tatweer's projects and entities.

Saeed Al Muntafiq, CEO of Tatweer said:

"Mizin was established as a response to the elevating need for a specialized company in the field of real estate development and infrastructure management with national and international quality standards. Thanks to our key partnership with Dubai Municipality, all of our projects have the seal of approval and guarantee from the Municipality. Today, Mizin is the only provider that offers this kind of guarantee in the market."

"I am certain that Sami Al Hashmi, with his outstanding international and regional track record, will be instrumental in taking this pioneering concept to new levels not only in Dubai, but all across the region." he said.

Sami Al Hashimi, a UAE national, holds a Degree in Civil Engineering. He joins Tatweer from Quest International Design & Development, where he was Vice Chairman. Prior to that he was the Assistant Director of the Roads Department at Dubai Municipality, where he was credited with several major achievements and contributions during a period of very rapid growth.

"I am truly honored to be appointed Chief Executive Officer of this pioneering company," commented Sami Al Hashmi. "Mizin will create a new management style into the region. We will launch projects only when the planning is finalized and its primary infrastructure is close to completion.

"Mizin's reputation will be built through its capacity to deliver high quality products and provide excellence in customer service. Its projects will respond to market demands and will all be generated from unique ideas and implemented with unprecedented attention to detail in line with international standards."

Amongst the first tasks assigned to Mizin will be the planning and development of Bawadi, the biggest hospitality concentration in the world with over 29,000 rooms; Dubai Industrial City, created to catalyze the growth and expansion of the industrial sector in the United Arab Emirates; Dubailand, the region's leading leisure and entertainment project and the creation of the trading pit of the Dubai Mercantile Exchange.